Expect to hear more about carbon dividends in the next few years. The latest IPCC report and the increased frequency and intensity of extreme weather events this year in particular, is perhaps finally focusing minds across party lines on ways to make carbon taxes politically acceptable.
Scientists and economists have long advocated carbon taxes as the most effective way to remove carbon from the world economy. While left of centre Europeans like me want increased funding for public services, history shows it’s an uphill task selling the tax increases needed to pay for them, even when voters say they want better schools, hospitals or more police on the street. Taxing carbon may be vital but people rarely vote for new taxes. With climate change the real cost is in the future, and it’s too easy for voters and politicians to think short term and let future generations pay, with the cost of inaction rising all the time.
In different forms, the carbon dividend has long been popular with environmentalists, and the dividend is now gaining traction with Republicans and Libertarians. This appeal across the ideological spectrum means a dividend may be the only way to get carbon taxes implemented – and perhaps more importantly, keep them in place through successive changes of government. Continue reading…
This summer’s heatwave through Europe and Asia was one of many extraordinary weather events, which along with forest fires, storms and flash floods, are becoming less extraordinary every year. Scientists are not claiming direct cause and effect for individual weather events, rather there is a very simple principle at work – CO2 and Methane put more energy into our weather systems. The more energy goes in, the more energy comes out, with greater frequency and intensity of extreme weather events.
The IPCC October 2018 report and the ‘hothouse earth’ report that rounded off the summer both re-state that climate change may become irreversible, but with the worrying twist that the tipping point may be closer than previously thought. There are more frequent warnings that we really could leave Earth permanently damaged for our species, perhaps within a few generations.
Such headlines grab the attention for a time because our hunter-gatherer brains are hardwired to monitor for immediate threats. However as the solution requires action outside of our control, what remains is often a sense of powerlessness.
Those of us who grew up in the shadow of the nuclear arms race lived with a similar sense of anxiety and powerlessness. Every childhood from the 1950s to the 1980s came with the realisation that the complete destruction of everything you love is an ever present man-made threat. The adult world is dominated by a love of abstract concepts – political ideology then, short term profit now – which become more important than life on this planet.
Yet, despite our species many flaws, we have to focus on the positives and believe our species has a strong enough instinct for self preservation to avoid complete catastrophe. Continue reading…